Storebrand AM: Adds to some alternatives but cuts hedge funds, forestry

Storebrand Asset Management has lifted its exposure to alternative investments, and the shift is likely to continue. But the relative composition of alternatives has changed, and the EUR 73 billion asset manager is considering adding another alternative building block to its portfolio.

Jan Erik Saugestad has had a wide variety of positions at Storebrand, including portfolio manager, head of asset allocation, CIO and CEO of Storebrand Asset Managmenet. | Photo: Storebrand

BY SØREN RATHLOU TOP

Published: 07.05.18 at 13:34

Storebrand Asset Management -- the largest private asset manager in Norway -- has increased its overall exposure to alternative investments. The asset management business includes a branch in Sweden and SPP Fonder, both located in Stockholm.

According to Storebrand’s Q1 report, the allocation to alternative investments of guaranteed customer assets for SSP Fonder has increased to 13 percent in Q2 2018 from 8 percent in Q1 2017.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

More from AMWatch

Danish pension fund drops nuclear weapons investments after member pressure

Foto: China Daily Cdic/Reuters/Ritzau Scanpix

After Danish media outlets revealed that four Danish pension companies invest in nuclear weapons, members at Lægernes Pension pressured the fund to divest, citing a 2017 UN treaty. The man behind these efforts hopes others will follow suit.

Länsförsäkringar brings index funds home but keeps eyes on Paris

Swedish insurer Länsförsäkringar has several more passive funds which could potentially also be brought in-house at a later stage. | Photo: PR

The Swedish insurer has changed to Paris-aligned indices which the firm believes will cut the CO2 emissions of the portfolio in half.

Danish FSA issues warning over SFDR implementation

Photo: Håkon Mosvold Larsen / NTB

The Danish FSA, Finanstilsynet, states that asset managers are using the EU’s sustainable finance disclosure regulation to signify quality, which is not the point of the legislation. In fact, the FSA states it is the opposite of what the EU intended.

Japanese investment giant picks Foxberry's ETF platform

Nomura Asset Management is one of the largest asset investment managers in Japan with AUM of USD 570bn. | Photo: CARLO ALLEGRI/REUTERS / X90181

Foxberry, an investment indices provider established by a group of Swedes who have previously worked at Nomura, notes that Nomura’s Next Funds brand is on a quick growth trajectory.

AMWatch closed on Friday, May 13

Foto: Toby Melville/Reuters/Ritzau Scanpix

The AMWatch editorial team is taking the day off on Friday, which is a bank holiday for most of our staff.

Further reading